Wealthsimple Visa Infinite Privilege Credit Card

Identical earn to the Visa Infinite +: flat 2% on all Qualified Spend, no categories, no published cap. Qualified Spend excludes cash-like transactions, refunds, fees and adjustments. Cash back is deposited to a Wealthsimple account with no minimum redemption and must be redeemed within 10 years; it is forfeited on card closure. The higher tier buys benefits, not a higher earn rate. A reader comparing the two tiers gets exactly the same 2%.

No welcome bonus is published for this card.

Same $240 fee mechanics as the Infinite + ($20/month, annual billing in Quebec) and the same two waiver paths ($100,000 individual assets, or $4,000/month direct deposit). Qualification is broader than the marketing implies: $150K personal income OR $200K household income OR $400K in Wealthsimple assets OR $50K annual card spend. Travel medical is $2,000,000 but still only 14 days per trip and only for people under 65, an older traveller gets nothing. Trip cancellation/interruption is $1,500 per occurrence, $5,000 per trip for all insureds, covering trips booked after 1 October 2025. Delayed/lost baggage $1,250 combined ($1,000 delayed, $1,000 lost/damaged). Flight delay up to $1,000 per occurrence / $2,500 per trip, effective 3 February 2026. Rental car CDW covers vehicles up to $65,000 MSRP for up to 31 days and requires declining the rental agency's own CDW. Mobile device $1,000 per claim, $50 deductible, max 2 claims per 12 months. Purchase security $1,000 per occurrence, $10,000 annual max, 90 days. Lounge access is via the Visa Airport Companion program (1,200+ lounges) and Wealthsimple's own help centre states cardholders 'are entitled to 6 visits every 12 months', you must enroll separately; visits beyond 6 are chargeable and Wealthsimple does not publish the per-visit price. As with the Infinite +, the whole travel insurance suite is unavailable to Quebec residents. Marketing says 'access to 1,200+ airport lounges' with no number attached; the actual entitlement, buried in a separate enrolment help article, is 6 visits per 12 months, and enrolment is a manual step. SAME CONTRADICTION AS THE + TIER: agreement lists a $120/card supplementary fee, but Wealthsimple's help centre says additional cardholders cannot be added at this time. The Privilege tier earns exactly the same 2% as the cheaper-to-qualify-for Infinite + and costs exactly the same $240. The differentiator is insurance and lounge, not rewards. $2,000,000 travel medical sounds generous but is capped at 14 days per trip and cut off entirely at age 65. Quebec residents are excluded from travel medical, trip cancellation/interruption, baggage and flight delay insurance despite paying the same fee. Balance transfers are not offered on this product at all. Penalty pricing of 25.99%/27.99% applies after two consecutive missed minimum payments. Requires an active Wealthsimple chequing account; the card can only be paid from it.